On April 1, qianzhongquan (834263) recently released its 2020 annual report. During the reporting period, the company achieved an operating income of 54398368.30 yuan, a year-on-year decrease of 31.82%; the net profit attributable to shareholders of listed companies was 25118731.90 yuan, a year-on-year decrease of 53.30%.
During the reporting period, the net cash flow from operating activities was 165303561.91 yuan, and the net assets belonging to the shareholders of the listed company was 378644620.15 yuan by the end of 2020.
During the reporting period, the company realized an operating income of 54398368.30 yuan, a year-on-year decrease of 31.82%; the main reason is that the loan interest income decreased significantly due to the decrease of loan business affected by the epidemic situation.
The net profit was 25118731.90 yuan, a decrease of 53.30% compared with the same period of last year. The main reasons were: the decrease of lending business activities led to the decrease of operating revenue, and the increase of depreciation expenses in operating costs. Two factors led to the decrease of net profit in the current period compared with the previous period.
The non operating revenue was 164714.41 yuan, an increase of 367.21% over the same period of last year, mainly due to the treatment of other accounts payable that could not be paid in the current period; the non operating expenditure was 100085.89 yuan, an increase of 395.03% over the same period of last year, mainly due to the increase of non operating expenditure caused by the company’s donation of 100000 yuan for epidemic prevention and control.
According to the data of digbei.com, qianzhongquan’s main business is to issue small loans and handle bill discount business. It belongs to other non monetary banking services in the financial industry. Within the scope of the business license, it relies on working capital and provides high-quality loan services to small and micro enterprises, individual businesses and “agriculture, rural areas and farmers” and other customer groups on the principle of small amount and decentralization.